Question

Bank Reconciliation
16. Information about the cash position for Wellington Ltd for the month of June 2018 is presented below:
 The general ledger Cash at Bank had a balance of $12,600 (Dr) on 30 June 2018.
 The June bank statement reported a bank balance of $11,422 (Cr) on 30 June.
 Outstanding cheques at the end of June were: No. 777, $120; No. 888, $146; and No. 999, $224.
 Cheque receipts of $2,400 for June were placed in the bank’s night safe on 30 June and were not included in the June bank statement.
 A simple comparison disclosed that cheque No. 666 for $708, for rent expense, had been wrongly recorded as $690 in the General Ledger.
 Included on the bank statement were:
o A credit for $1,468 for an electronic transfer.
o A dishonoured cheque written by a client for $654.
o Bank account fees of $64.
Required:
Prepare a bank reconciliation statement for the Wellington Ltd as at 30 June 2018.

Answer 1